Pepperstone Review

Pepperstone Review

Founded in 2010 by a group of market experts and professional trading consultants, Pepperstone is the leading Australian brand when it comes to trading solutions. While it was originally conceived as a forex trading company, the trading offer has broadened immensely in the past years. Here you’ll gain access to various foreign exchanges, currency pairs and various commodities, all available in as much as 11 trading interfaces! While creating this Pepperstone review article, we’ve come to a conclusion that this broker offers much more than it meets the eye. Apart from various trading approaches, clients have a huge number of available banking methods, full-time support and much more. If you’re looking for your new trading partner, or simply want to learn more about this exquisite market-shaping company, keep on reading our extensive review. You will surely be surprised by our verdict!

Pepperstone Review | Perks of trading with Pepperstone

At the very beginning of our analysis, we’ll give a brief summary of the broker’s most prominent features. Their core principle says that online trading must be fast, low-cost and user-friendly, making it a pleasure for their current and future clients. That’s why they’ve incorporated two most famous trading interfaces – MetaTrader and cTrader – to their palette of trading platforms. Funding their operations on globally recognized and trusted platforms has proven to be a highly successful decision, judging by the growing number of loyal customers. Aside from using the top-notch technology, another thing that puts Pepperstone on the spotlight is outstanding conditions when it comes to trading. Pips starting at 0.0, trusted liquidity providers and fast execution are the features that will surely meet any trader’s expectations. Furthermore, along with already mentioned trading platforms, you can use a completely web-based interface called WebTrader, mobile app or a series of social trading environments – everything tailored to suit your needs. And finally, Pepperstone has two extremely important features – award-winning customer support and regulation. Read more about the latter one in the next paragraph!

Pepperstone Advantages

Pepperstone Review | Regulation

The most solid proof of a broker’s fairness and legitimacy is, without a doubt, the certificate of regulation. It is issued by one of many governing regulatory institutions operating all over the world, supervising all money transactions and financial operations of regulated brokers. Regulation means that the company won’t indulge in any kind of scam schemes while ensuring and maintaining fair and safe trading environment for its clients. Trading with unregulated brokers can lead to unwanted scenarios, such as faulty trading platforms giving false market information, or the complete loss of your deposits and earnings.

Fortunately, the situation with Pepperstone is pretty clear right from the start, which we have already established in our “Is Pepperstone a Scam?” analysis. As a global company, it has been recognized and regulated by Australian Securities and Investment Commission (ASIC), as well as the FCA, UK’s governing regulatory agency. Dual regulation means that this company has to abide by very strict procedures regarding security, fairness, and professionalism of their employees. For you, this means that your trading experience with Pepperstone will always be of top quality. Also, all your funds will be kept in segregated accounts held at National Australian Bank and Barclays, world-class banks. This means that your earnings will not be subject to any law or financial procedures held against the broker. And a special feature for UK clients is ensured by the FSCS, or Financial Services Compensation Scheme. This means that, in the event of company’s bankruptcy or insolvency, any lost currency will be compensated in the amount of up to 50 thousand pounds. If that is not the ultimate proof of legitimacy, we seriously don’t know what is. Now that you’re assured that trading with Pepperstone is completely safe and regulated, let’s see what you have to do in order to start trading here. Read our detailed analysis of login procedure in the next part of Pepperstone Review article!

Pepperstone Regulation

Pepperstone Review | Becoming a member

Creating a trading account with Pepperstone is an easy procedure, consisting of four intuitive steps. The first step requires you to submit your name, email address, and personal cell phone number. Bear in mind that your trading account can be opened on behalf of a company, trust, hedge fund or any similar public association, making Pepperstone a capable trading partner for traders of all kinds. After submitting the required information, an email will be sent to you containing the activation code needed for the second stage. Clicking on it will bring you to your personal details page, where you’ll be asked to input your date of birth, address and account password. Completing this part will get you to the third stage, where you’ll be asked to upload a color copy of your personal ID document. This is a required procedure due to regulation, and its purpose is to protect your personal data and prevent identity theft. Lastly, you’ll be brought to a deposit page, where you’ll be required to make your initial deposit using one of many available methods. Your account will then be sent to revision to the customer support team, and after it is approved, you’ll immediately gain full access to all trading features. As you can see, this is a completely simple and fast procedure that can be completed in a matter of minutes. The moment your account is activated, you’ll be able to choose among different account packages, with each carrying various perks and features. Want to know more about them? Read our detailed analysis in the next part of this article!

Pepperstone Account Opening Page

Your account will then be sent to revision to the customer support team, and after it is approved, you’ll immediately gain full access to all trading features. As you can see, this is a completely simple and fast procedure that can be completed in a matter of minutes. The moment your account is activated, you’ll be able to choose among different account packages, with each carrying various perks and features. Want to know more about them? Read our detailed analysis in the next part of this article!

Pepperstone Review | Account Types

As we’ve already explained the login procedure, this part of Pepperstone review will focus on the next step of becoming a trader here – choosing the ideal account package. There are four different main account types at Pepperstone, and we’ll take a closer look at every one of them. The first one is called Standard, with out-of-the-box features including Forex spreads from 1.0 pips, full access to the most prominent trading interfaces, 22 liquidity providers, negative balance protection and automatic risk management. This is a great package for beginners and mid-level traders, but also for professionals looking for the most accessible way to test the platforms, as it is completely commission-free. Also, a variety of flexible banking methods is at your disposal, as well as all-time customer support in case you encounter any issue. Razor account, on the other hand, gives you a deeper insight of market thanks to more sophisticated algorithms, with transparent costs of trading. It gives you great spreads with only 3,5$ commission per 100k, with the leverage up to 500:1. Minimum deposit required is 200$, which is fairly below the industry’s average amount, so for this, we’re giving a plus as well. Lest we forget, all the previously mentioned features are present as well – diverse trading platforms, numerous deposit methods and customer support. This is an ideal solution for more experienced traders who want a higher control over their trades.

Pepperstone Account Types

Islamic account is the third package here, and it is designed specifically for the traders of the Islamic faith. Due to its compliance to Sharia law, traders will not be able to pay or receive swaps, so the trades will be processed straight-through. It is also commission-free, and all the signature Pepperstone technology is fully available – of course, in accordance to limitations of Sharia principles. Finally, Active Traders account type is reserved for associations and institutions with a higher number of employees. It features a dedicated account manager that will help you on your trading journey, a fully segregated tripartite account with top-class banks, detailed daily reports with adjustable key parameters, hosting services and much more. Finally, a fully functional demo account can also be opened, where you’ll be able to fully test various platforms by investing virtual money on trades. If you register a free demo account, you can switch to real account at any time and choose your ideal package. It’s safe to say that with Pepperstone, everyone will be able to find their ideal combination. But can you use your favorite banking method here as well? Find out in the next part of Pepperstone Review article!

Pepperstone Review | Banking Options

Being an exquisite broker, Pepperstone has arranged a number of different methods for depositing and withdrawing funds, so you’ll surely find your favorite one in no time. Supported credit cards include MasterCard, Visa and Visa Debit, and all transactions will be processed instantly in any time of day. Be advised that, in order to verify your card, you’ll have to provide a colored copy of the card, with your name printed on it. This is due to anti-money-laundering policy, and is actually a common procedure among regulated brokers. Bank transfer is present as well, but possibilities don’t end up here. Various electronic wallets can be used as well, including Neteller, Skrill, Qiwi and Fassapay. If you happen to prefer PayPal for your online transactions, you’ll be delighted to hear that this method of funding is supported as well. A similar service called POLi is here as well, as is China Union Pay, another well-known e-wallet. BPay is a method supported by major Australian banks that will instantly fund your account without any transaction fees. Another quite rare, yet pretty interesting banking option is called B2B or Broker To Broker. It allows you to transfer your funds from existing trading account opened with another broker to your Pepperstone account. It takes 2 or 3 days to complete, it’s completely painless and it allows you to start trading with this broker without the need to invest any more funds. It’s good to mention that Pepperstone doesn’t charge any fees for transactions – however, you could experience some additional costs, but it’s only due to your bank’s transaction policy. Also, when it comes to currencies, you can fund using 10 different ones, ranging from Euro and US dollar all the way to Japanese Yen and Hong Kong dollar. A pretty wide selection, to be honest!

Pepperstone Banking Methods

Withdrawal requests will be processed in a time span of 2 business days, except for bank transfers , where it will take up to 5 business days depending on your bank. Funds will be withdrawn directly to your bank account, without any additional fees. It’s just that simple. Be aware that all funds exceeding your total deposits won’t be sent to your credit card, but rather via some other withdrawal method. But again, this is a standard procedure due to compliance, and is really nothing to be worried about. Wrapping this section up, we can say that a variety of available banking methods, as well as swift execution is a great plus for Pepperstone. We believe that this is something that all traders will likely appreciate. And now, let’s make a thorough analysis of yet another intriguing feature – available trading platforms. Stick around!

Pepperstone Review | Trading Platforms

At the very beginning of our Pepperstone review, we’ve mentioned that a variety of available trading platforms is one of the broker’s most significant features. Each trader, upon registering, is able to access as much as 11 trading interfaces! This surely is a number that puts other brokers to shame, and a rock-solid guarantee that a diversity of trading with Pepperstone is simply unmatchable. So let’s take a detailed look at the available platforms.

Basically, Pepperstone incorporates two widely known trading interfaces – MetaTrader and cTrader. Both of them are completely free and incorporate some valuable features to their core application. For instance, both of them enable you to use Expert Advisors and automated trading, test your strategies, customize the behavior and appearance of various indicators and charts, and use social trading and Copy Trade functionalities. MetaTrader, being the most used platform globally, has a largest library of useful trading and education resources, while it also gives you access to historical data of each available asset. cTrader, apart from in-depth market analysis, highly adjustable session expiry times and more detailed stop-loss levels, gives you higher customization options. This includes custom platform backgrounds, support for multiple monitors via detachable charts, and support for saving user profiles and templates in a cloud. As you can see, both of the platform have their perks and disadvantages, so your choice is completely based on your trading habits. Those who want a huge support community and a lot of resources will likely choose MetaTrader, while traders who appreciate detailed analysis and appearance modifications will surely choose cTrader. Either way, your trading experience will surely be tremendous.

Peperstone Trading Platforms

In the opening paragraph of this Pepperstone review article, we’ve mentioned that you’ll be able to trade on 11 different platforms, but we’ve analyzed just the two of them. Are we spreading false information? Absolutely not – each of these platforms has its subversions based on your preferred operating system. MetaTrader 4 is available for both Windows and Mac devices, while Windows users will also be able to select its newer, but less widespread version, MetaTrader 5. Web trading platform is also available – developed by Pepperstone and based on MT4, it is completely cloud-based and features great interface and one-click trading option. iOS and Android smartphones have their own app, as well as iPads and other tablet devices, so you’ll be able to use MetaTrader interface everywhere you go. Also, we have to mention Smart Trader Tools, a set of useful trading tools developed by Pepperstone that will enrich your MetaTrader software with features like alarms, correlation analysis, detailed market insight and much more. cTrader also features Windows and web-based applications, as well as mobile apps for both Android and iOS devices. However, we particularly want to emphasize the existence of cAlgo, a powerful platform for creating and managing automated trading algorithms. It is written in C# programming language, and it comes packed up with huge library of resources that will enable you to create your own trading robots. It is a more advanced approach to trading, but with a little effort, you can automate your trading habits and make the most out of them.

Now, when you take all the mentioned platforms, it sums down to 11, but this is not the end! Advanced traders who are developing their own trading environment will surely take advantage of API trading, which supports automated trading in full. Also, MAM or Multi Account Management software based on MT4 platform is also available. This kind of software is widely used by trading professionals and personal brokers, because it gives them the ability to control multiple trading account at once, from the same application. As you can see, Pepperstone has really outdone itself to create a simply amazing trading offer. We strongly suggest to take advantage of it right now. But before you do, read the last part of this Pepperstone review and see what kind of support you can get here!

Pepperstone WebTrader

Pepperstone Review | Support

If you happen to get stuck with any part of trading, or simply have a question regarding any topic, don’t hesitate to reach out to the award-winning Pepperstone support team. Although the company’s headquarters are located in Melbourne, they have offices in London, Dallas, Shanghai and Bangkok. You can reach any of them by phone, e-mail or live chat, or you can simply fill in a universal contact form right on the company’s website under “Contact Us” tab. Pepperstone offers 24/6 support, and their experts will surely solve all of your potential problems, providing step-by-step answers and showing high level of professionalism. The broker also hosts a huge FAQ section, with answers to all common queries sent by customers. And if you want to know more about trading itself, or develop some new strategies, search no more. A massive library of trading guides, extensive market analysis, and a series of articles explaining various aspects of trading are available to you, completely free of charge. As you can see, with Pepperstone, you are always in good hands. You’ll be able to trade freely, learn some new tricks and, above all, you’ll always be able to contact highly capable support team. Now that we’ve analyzed all of these features, it’s time to bring this Pepperstone review to its end.

Pepperstone Contact

Pepperstone Review | Conclusion

Wrapping this extensive Pepperstone review up, we must once again state that the quality of this broker really astonished us. Absolutely every feature we’ve analyzed is far above the average in the industry. Login procedure is really simple and swift, and account packages are tailored to meet every trader’s needs. A huge variety of trading platforms will surely satisfy absolutely everyone, and some interesting additions by Pepperstone itself could significantly increase your winning chances. Banking options are numerous as well, and all of them work smoothly, so you won’t have a problem there. But if you happen to encounter any issue at all, the ever-present support team will solve it in no time. And on top of all, dual regulation is an unbeatable proof that Pepperstone has created a completely safe and fair trading environment. At the very end, we can only once again strongly suggest you to test all of these ingenious features by yourself. Open a free trading account and have a truly unique trading experience with Pepperstone!

Author's overall rating:

Author: Ben Prescott

Updated: July 26, 2018

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